MANILA, Philippines —“ABS-CBN has to go through major reforms, starting with a change in management and facilities, before they are given a new franchise to operate,” House Deputy Speaker Rodante Marcoleta said in a statement on Saturday.
Marcoleta said the media giant, which has already laid off thousands of emloyees, should “address the various violations of securities and labor laws, and the constitutional provision mandating the 100 percent Filipino ownership of a media company.”
The lawmaker was reacting to the statement of Deputy Speaker Lito Atienza that a new franchise for the ABS-CBN would be possible under House Speaker Lord Allan Velasco.
In July, allies of Pres…
Keep on reading: ABS-CBN must implement major reforms to get new franchise – Marcoleta